Elon Musk has threatened to end his $ 44 billion acquisition of Twitter. Elon Musk, the founder of Tesla and SpaceX, has warned in a letter to Twitter that he will pull out of his $44 billion deal to buy Twitter if they fail to fully provide data on spam and fake accounts.
In a letter to Twitter last Monday, Elon Musk slammed Twitter for “obviously refusing to comply with its obligations under the merger agreement”.
Prosecutors said in the letter that they had only offered to provide details about Twitter’s testing methods. But the prosecution said it was tantamount to denying Twitter management that it could not provide data on the fake account Elon Musk asked for.
Elon Musk Twitter contract breach
The letter states that Elon Musk’s Twitter activities are in breach of contract and obligations and that he has every right to terminate the merger.
The word war on Twitter has been erupting since Elon Musk decided to buy Twitter. Elon Musk has recently called for the disabling of fake accounts on Twitter, which has sparked a number of controversies, including a restriction on the Twitter staff, an edit button, an increase in the number of characters, and the Twitter Blue Dick. He has now challenged Twitter to drop the deal if it does not provide full details of the fake accounts.
Elon Musk bought a 9 percent stake in Twitter a few months ago. But when called to the Twitter board, Elon Musk refused to join. Following this, he announced that he would buy Twitter for $44 billion. Elon Musk has announced that he wants to buy every stake in the company for $54.20, following which the deal was signed.